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Major shareholder of Yaohua Glass transfers its equity

Post Time:Mar 19,2009Classify:Company NewsView:429

Yaohua Glass announced today that the State-owned Assets Supervision and Administration Commission of the State Council (hereinafter referred to as the SASAC) has approved the transfer of 264,648,560 shares from China Yaohua Glass Group Corporation, the majority stockholder of ST Yaohua, to Jiangsu Phoenix Publishing & Media Group Co., Ltd.

In addition, the share transfer and assets reorganization depend on each other and are carried out together. So, the share transfer will be valid when the application of the company’s assets reorganization is approved by China Securities Regulatory Commission.

Source: GlassInChinaAuthor: shangyi

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